The Ministry of Financial Services and Commerce (MFSC) advises that updated fees for accounting firms, realtors, property developers and exempt companies are effective today, 28 April 2026, pursuant to revenue measures proposed as part of the 2026/27 Budget.
The fees are specifically for:
The fee updates form part of a broader commerce reform and are intended to better reflect today’s business environment. Some fees have remained unchanged since 2014 and thus no longer suitably account for operating costs and prices for services which have risen during this lengthy time period, such as costs at the Department of Commerce and Investment (DCI), driven by increased demand for licensing, supervision and enforcement services over the years.
The fee updates are being made through the Trade and Business Licensing (Amendment of Schedule 1) Regulations (2026) and the Local Companies (Control)(Fees) (Amendment) Regulations, 2026.
Fees for accounting firms have been separated into the following new categories:
Prior to implementation, the MFSC undertook stakeholder consultations with the Trade and Business Licensing Board, the Cayman Islands Institute of Professional Accountants, Caymanian developers and realtors including several micro and small businesses.